Wolf Lake, MN
Population 104 · Minnesota
About Wolf Lake, MN
Wolf Lake is a small community located in Minnesota with a population of 104 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,250 per year, which is 12% below the national median of $75,149. The median age of 22.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wolf Lake features a median home value of $137,500, which is 44% below the national median of $244,900. This makes Wolf Lake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $873, 25% below the national average of $1,163/month. Of the 37 total housing units, 37% are owner-occupied (13 units) and 63% are renter-occupied (22 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Wolf Lake shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wolf Lake have an average one-way commute time of 22.3 minutes.
Education & Demographics
17.9% of Wolf Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 7.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in Wolf Lake, MN
Compared to national averages, Wolf Lake has a median household income of $66,250 (12% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $873 is 25% below the US average of $1,163. Within Minnesota, Wolf Lake's income is 11% below the state average of $74,221, and home values are 33% below the state median of $204,472.
Why Live in Wolf Lake, MN?
Wolf Lake offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $873/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 9.4%, better than the national average, and short commute times averaging just 22.3 minutes.
Potential considerations include median household income ($66,250) that falls below the national average. However, Wolf Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wolf Lake has a population of 104 with a median age of 22.7 years. Compare Wolf Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wolf Lake
What is the population of Wolf Lake, MN?
The population of Wolf Lake, MN is 104 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Wolf Lake?
The median household income in Wolf Lake, MN is $66,250 per year, which is 12% below the national median of $75,149.
What is the median home value in Wolf Lake?
The median home value in Wolf Lake, MN is $137,500, which is 44% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Wolf Lake?
The median monthly rent in Wolf Lake, MN is $873, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Wolf Lake?
The unemployment rate in Wolf Lake, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wolf Lake, MN a good place to live?
Wolf Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 104 and a median age of 22.7, the city appeals to young professionals and families.
How educated is Wolf Lake, MN?
17.9% of residents in Wolf Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wolf Lake?
Key cost-of-living indicators for Wolf Lake, MN: median home value is $137,500 (44% below national), median rent is $873/month, and median household income is $66,250. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wolf Lake?
The poverty rate in Wolf Lake, MN is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wolf Lake, MN?
Wolf Lake's population is 7.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.9% of residents are foreign-born.